Mktviews Daily Nifty View (29/11/2011)

Expect Markets to open on a flat note in-line with Asian Markets.
Post Huge Short-Covering move yesterday, Nifty Fut needs to cross critical resistance zone 4889-4898 for bounce back upto 4939/4971. If does not cross 4898, then lower levels of 4832/4803 could be retested.

Key Nifty Futures Levels :

Supports : 4853 & 4819.
Resistances : 4898 & 4939.
Probable Trading Range : 4819 – 4939.

Mktviews Daily Nifty View (28/11/2011)

Expect Markets to open on a positive note in-line with Global Markets.

Now, 4735-4738 is a decent support area.

If holds 4735, expect small pullback upto 4809/4832 area.  

If  breaks & sustains below 4735, could witness fall upto 4696/4652.

Key Nifty Futures Levels :

Supports : 4735 & 4706.

Resistances : 4798 & 4832.

Probable Trading Range : 4706 – 4832. 

Mktviews Daily Nifty View (24/11/2011)

Expect Markets to open on a negative note following another Sell-Off in the US markets.

Now For any small pullback in Nifty Fut post 600 points cut ( 5230 to 4630 ) upto 4780/4819, Nifty Fut needs to cross critical resistance zone 4735-4746. If does not cross 4746, then lower levels of 4610/4561 could be tested.

Key Nifty Futures Levels :

Supports : 4663 & 4630.

Resistances : 4746 & 4770.

Probable Trading Range : 4630 – 4770.

Note : Movements will be highly volataile & choppy on A/c of F&O Expiry today. Trade safe. 

 

Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.

Never Forget : There are no Speed Limits on the Road to Excellence !!!

Mktviews Daily Nifty View (23/11/2011)

Expect Markets to open on a negative note following Global Markets on A/c of Lower US GDP data.

Nifty Fut needs to cross critical resistance zone 4782-4790 for small bounce back upto 4829/4854. If does not cross 4790, then lower levels of 4705/4675 could be tested.

Key Nifty Futures Levels :

Supports : 4735 & 4705.

Resistances : 4790 & 4831.

Probable Trading Range : 4705 – 4831.

Mktviews Daily Nifty View (22/11/2011)

Expect Markets to open on a flat to positive note in-line with Asian Markets. Keep an eye on Rupee which has even breached the 52 Mark to a Dollar.

Nifty Fut needs to cross critical resistance zone 4839-4846 for bounce back upto 4891/4920. If does not cross 4846, then lower levels of 4775/4735 could be retested. 

Key Nifty Futures Levels :

Supports : 4792 & 4760.

Resistances : 4846 & 4891.

Probable Trading Range : 4760 – 4891. 

Mktviews Daily Nifty View (21/11/2011)

Expect Markets to open on a negative note in-line with Asian Markets.

Nifty Fut needs to cross critical resistance zone 4889-4898 for bounce back upto 4939/4971. If does not cross 4898, then lower levels of 4824/4803 could be retested.

Key Nifty Futures Levels :

Supports : 4853 & 4819.

Resistances : 4898 & 4939.

Probable Trading Range : 4819 – 4939. 

Mktviews Weekly Nifty Analysis (21/11/2011-25/11/2011)

Global weakness persisting on A/c of fears of European Debt problems percolating to US banks had led to sell-off amongst all Global Markets. 

Rupee is falling heavily & has hit 51.3 v/s Dollar which has intensified the selling pressure & weakened the market sentiment tremendously. 

All time Low of Rupee i.e 51.67 was hit on 2nd March 2009 & 51.3 is not far away from it. Last time when Rupee traded at 51.67, Nifty was trading at sub-2600 levels. 

Nifty Futures is facing selling pressure on all rises & every attempts of pullbacks are faced with strong supply from higher levels & its advisable to REDUCE LONG POSITIONS till Nifty Future crosses & closes above 5058. 

Real panic & price capitulation would set in once Nifty Fut closes below strong support zone of 4819. Breach of 4819 could drift the index to lower levels of 4724/4639. 

  

Small Pullback upto 5166/5279 would be witnessed only if critical resistance area of 5039-5058 is crossed & Nifty Fut closes above it. 

If fails to cross abv 5058, will be in a trading range 4819-5058. 
 

Regards,
Team Market View Investments.
Mo : 9987750901.
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews.

Never Forget : There are no Speed Limits on the Road to Excellence !!!

Mktviews Daily Nifty View (17/11/2011)

Expect markets to open Negative in-line with Global Mkts post crack in US mkts after Fitch signaled trouble for US Banks incase European debt worries worsens further.  

Now Nifty Fut needs to cross critical resistance zone 5055-5063 for bounce back upto 5128/5154. If does not cross 5063, then lower levels of 4975/4937 could be retested.

Probable Trading Range : 4975 – 5128. 

Mktviews Daily Nifty View (15/11/2011)

Expect markets to open Positive in-line with Global Markets.

Post Intense selling pressure yesterday from 5250 area to 5150,

Now Nifty Futures has developed critical resistance 5144-5159 area and needs to cross & sustains above it for bounce back upto 5235/5260. If does not cross 5159, then lower levels of 5076/5040 could be retested.

Key Nifty Futures Levels :

Supports : 5105 & 5068.

Resistances : 5158 & 5196.

Probable Trading Range : 5068 – 5196.

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Never Forget : Our NATURE is our FUTURE !!!

Mktviews Weekly Nifty Analysis (14/11/2011-18/11/2011)

Last Week, Market Sentiment got dampened on A/c of increase in Eurozone troubles with Italy being the New Debt Champion, Moody's downgrading the Indian Banking system & Sept IIP growth slumping to 2 Year Low. 

Further Fuel price Hike cannot be ruled out on 16th Nov meeting of OMC's due to continouous rupee deprieciation & rising crude prices. This inturn could fuel Inflation further & has a direct co-relation with Growth and Fiscal Deficit which may even be raised beyond 5% vs 4.6% projected earlier. 

Even Q2 results which reported hit in corporate profits due to High Interest cost pressures & Forex Loss have extended the selling pressure. 

Avoid Bottom Fishing & Reduce Long Positions on all rises as further fall is likely. 

Small Pullback upto 5420/5504 would be witnessed only if critical resistance area of 5290-5309 is crossed & Nifty Fut closes above it. 
If fails to cross abv 5309, will be in a trading range 5109-5309. 

Strong support lies @ 5110-5115 & Selling pressure would intensify upto 5003/4937 only if Nifty Fut breaches & closes below 5109. 

Mktviews Daily Nifty View (11/11/2011)

Expect markets to open Positive in-line with Global Counterparts but Negative w.r.t Wednesday closing to factor in cut in US markets on Wednesday.

5208-5227 is a critical resistance which if crossed may trigger short-covering upto 5280/5310. If does not cross 5227, then may retest support zone of 5110 again.

Key Nifty Futures Levels :

Supports : 5157 & 5128.

Resistances : 5208 & 5239.

Probable Trading Range : 5128-5239. 

 

Mktviews Daily Nifty View (09/11/2011)

Expect markets to open Positive in-line with Global Counterparts.

If holds 5312 & crosses / sustains above 5356, expect pullback upto 5389/5420.

If  breaks & sustains below 5312, could witness fall upto 5278/5230 area.

Key Nifty Futures Levels :

Supports : 5312 & 5278.

Resistances : 5356 & 5389

Probable Trading Range : 5278-5389. 

 

Mktviews Weekly Nifty Analysis (08/11/2011-11/11/2011)

Markets are crucially poised after closing 1% negative on a weekly basis post rangebound trading admist high volataility on A/c of Ongoing Greek Drama, Fuel price hike, Weakening Rupee & Inflation persisting at higher levels. 

Comments by World Leaders on the recently concluded G20 summit would be keenly awaited & could provide a decisive trigger for Global Markets. 

Markets are displaying reluctance to cross & sustain abv 5380 or break 5220 as selling pressure is witnessed on all rises & buying support is emerging at lower levels resulting in Nifty to oscillate between 5200-5400 range with Highest Open Interest built up in 5200 PE & 5400 CE. 

Further Pullback upto 5490/5560 would be witnessed only if critical resistance area of 5376-5395 is crossed & Nifty Fut closes above it. 
If fails to cross abv 5395, will be in a trading range 5184-5395. 

Strong support lies @ 5185-5195 & Selling pressure would intensify upto 5060/4937 only if Nifty Fut breaches & closes below 5184. 

Mktviews Daily Nifty View (04/11/2011)

Expect markets to open Positive in-line with Global Counterparts after Greece dropped voting on its Financial Rescue plan & European Central Bank unexpectedly lowered Interest Rates. 

Now Nifty Fut needs to cross critical resistance zone 5365-5369 for bounce back upto 5398/5424. If does not cross 5369, then lower levels of 5314/5279 could be retested. 

Key Nifty Futures Levels : 

Supports : 5324 & 5295. 

Resistances : 5369 & 5398. 

Probable Trading Range : 5295 – 5398.

 

Regards,
Team Market View Investments. 
Mo : 9987750901. 
Visit www.mktviews-nifty50.blogspot.com
Facebook : www.facebook.com/mktviews. 

Mktviews Daily Nifty View (02/11/2011)

Expect Gap Down Opening following another 2-3% cut in all Global Markets on A/c of Greek Referendum on EU Bailout.

If holds 5219 & sustains above 5265, expect pullback upto 5299/5329.

If  breaks & sustains below 5219, could witness fall upto 5175/5153.

Key Nifty Futures Levels :

Supports : 5219 & 5190.

Resistances : 5265 & 5298.

Probable Trading Range : 5190 – 5298. 

Mktviews Daily Nifty View (01/11/2011)

Expect markets to open on Negative Note following Negative US Markets & mixed Asian Markets.

Now Nifty Fut needs to cross critical resistance zone 5353-5367 for bounce back upto 5410/5430. If does not cross 5367, then lower levels of 5290/5267 could be retested.

Key Nifty Futures Levels :

Supports : 5309 & 5267.

Resistances : 5367 & 5396.

Probable Trading Range : 5267 – 5396.